SOURCE: Safran Software Solutions LLC

February 26, 2015 00:00 ET

Safran Risk Delivers Project and Business Performance Accuracy for Project Stakeholders and Risk Professionals

Safran Software Solutions Debuts New Quantitative Risk Analysis Software

STAVANGER, NORWAY--(Marketwired - February 26, 2015) - Safran Software Solutions will release Safran Risk™ on April 2, 2015. Designed for project stakeholders and risk professionals, Safran Risk provides analysis of both project schedule and cost data in an intuitive and process led manner, which helps organizations identify and mitigate project risks earlier. Safran Risk also provides a global view of project risks and potential effects across an organization's project portfolio.

"The difference between a good project management organization and a world-class organization is their ability to manage risk," said David A. Maynard, PMI Risk Community of Practice Manager & Professor of Project Management at Indiana University & Purdue University. "With Safran Risk, organizations can gain the insight required to clearly understand the impact of risks to project schedule and cost. I'm also encouraged with the unified schedule and risk engine approach that Safran has utilized to provide near real-time project scenario modeling through a modern and easy-to-use interface."

The Safran Risk interface encourages best-practice processes, resulting in higher quality project schedules, and improvements in schedule, cost and duration accuracy. Safran Risk also provides comprehensive risk correlation, allowing risk professionals to correlate unknown values with any other, including probabilities and impacts.

"Safran Software Solutions is the only provider of a unified project planning, scheduling, earned value management (EVM) and risk management solution in its Safran Project™ software," said Lars Petter Eliassen, CEO Safran Software Solutions. "With the addition of Safran Risk, project stakeholders can now access the first complete, unified set of tools required to forecast and measure project performance accurately."

Safran Risk changes the way a project is managed, giving risk professionals access to delivering quick impact and scenario analyses without impacting the active project data. With the full functionality of Safran Project available with Safran Risk, individuals can model all cost and time variables concurrently, to quickly produce impact and scenario analyses.

"We have found that existing solutions in the market are either becoming dated or do not meet our needs, which is why we are pleased to have been asked to act as advisor in the Safran Risk development process," said Phil Rawlings, Euro Log Technical Director. "We have identified some improvements over current market offerings in a recent beta review of Safran Risk, and look forward to taking advantage of those improvements and further development as soon as possible."

Leading up to the release of Safran Risk, Safran is hosting a live webinar demo of the software on February 27, 2015. In addition to the webinar, Safran will present several roadshows throughout Canada, Norway, the United Kingdom and United States in early March. For more information on Safran Risk, visit www.safran.com/products/Safran-Risk or contact Shelby Pipken at +1-214-215-6258.

About Safran Software Solutions
Safran Software Solutions, headquartered in Stavanger with offices in Houston, London and Oslo, is a leading provider of EPPM and Project Risk management software solutions to project- and asset-intensive industries. Safran is recognized globally for streamlining the EPPM process while elevating project delivery confidence through its integrated project reporting, risk and change management capabilities. Safran prides itself on speed of product adoption and customer satisfaction, which ensure the greatest value for its customers. Safran is laser-focused on enabling the success of project control teams. To learn more about project success achieved by Safran clients like Statoil, Aker Solutions and ConocoPhillips, visit www.safran.com.

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